Dan's Michigan Mortgage Blog
Industry veteran Dan Moralez provides the latest updates on whats happening in the mortgage world. Reading this blog will help you know more than the lender you are probably working with now.
ARCHIVED BLOG POSTS
2008
3
Comments
With everything going on in Washington, one thing that caught my attention is the discussion on allowing Fannie Mae and Freddie Mac to purchase mortgage loans that exceed their standard loan limit of $417,000 for most areas. There are different rumors that the loan limit could be raised from $41...
01/28/2008
Wow! What a week in the mortgage market. We have seen a tremendous amount of volatility over the past 7 days. Tuesdays surprise rate cut by the fed led to a substantial drop in mortgage rates. 30 year fixed rate mortgage's saw rates in the low 5's. What a difference a day can make, on Wednesday, ...
01/26/2008
Wow, what a couple of interesting days to be in the mortgage business. The larger and earlier than expected Fed rate cut drove mortgage rates down sharply, only to have rates move back the other way the next day. The stock markets rally of nearly 300 points brought a quick a sudden move higher ...
01/23/2008
2
Comments
Ok, I have to admit, this post is not negative as the title may imply. I just wanted to get your attention.As a manager of a group of lenders. I can't help but think to myself, people talk and talk. They talk about how bad the market is and what they are going to do to drum up business or impr...
01/21/2008
As I shared in my first post, I definitely do not think that declining markets are the end of the world. In all honesty, I believe it can actually open the market to new potential buyers who may not have been able to buy previously. Low interest rates, coupled with low sales prices create a gre...
01/19/2008
5
Comments
Absolutely not! Even though my catchy headline (I should stop thinking so highly of my writing ability) would have you think that the sky is falling and the world is ending, the truth is it is not. There are still many ways for a buyer to purchase with a limited down payment and still get a gre...
01/19/2008
Rainer
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Dan Moralez
Grand Rapids & Holland, Michigan Mortgage Lending
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